Stock trading can be an exciting game with high stakes. Some days, you may be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were at your most productive. If you find yourself immersed in the water, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an online platform that will help you in your improvement in the market. We’ll be taking an in-depth look at Profit.ly is a well-known single-stop social platform to trade!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Best Penny Stock On Robinhood Right Now
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informed responsible, transparent, and uplifting with one another through its wide range of features and tools such as trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people new to trading and as a hub for experienced traders to track their performance through the use of advanced analytics tools. Offering users a broad array of options for communication and trade and letting traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of this platform. Consider it an online social media platform similar like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The concept, he added, served two goals: 1.) creating public track records for everyone, not just the experts as well as newsletter authors and students and secondly) allowing everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Best Penny Stock On Robinhood Right Now
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared at achieving achievement. It is possible to create an account at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Making an account easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of the performance of the trading community as well as its experts. It’s not only a chance to demonstrate value to a group of traders, as you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can opt to post your trades, either verified or not, by taking screenshots. In Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile, and more ways to communicate with your gurus via chatrooms along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. Penny stock trading could be viewed as an avenue for small companies to move to a large marketplace as it gives them access to money from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial amounts of money from their combined years of knowledge. Best Penny Stock On Robinhood Right Now
At its height, Profit.ly had housed up to five gurus. Each of them an expert within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, it is a great option for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Best Penny Stock On Robinhood Right Now
The Superman Alerts plan is an package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, the daily market commentary in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. As you sign up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what we could call a ruthless process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows users to benefit from a majority of features from the Novice plan. It is in this plan that you can set up an account that is private to share with fellow associate users all the insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their expertise in trading. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, you will not be able to see the statistics of other traders this might be a drawback for those looking forward to this tier. Best Penny Stock On Robinhood Right Now
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. With $74.95 each month and 22% off when billed annually This plan offers everything. You will have full, unrestricted access to all the options of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the chance to create a private profile. Both of these options, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few other services they offer. One of those is its online store, which lets users pick from a range of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and clips of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly it’s seen as a space where experts and their members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. One of them may be laid back and less active, while another may be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to select from the products from its online store that they can take with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that this is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited for them as it is for those who are just starting. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works along with the stack full of risks associated with it. It is ideal to utilize Profit.ly’s array of options to their maximum advantage to develop their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to help assist them in the ever-changing trading process. Best Penny Stock On Robinhood Right Now
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its customers
- If traders decide to open any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds, as the premium customers are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, you should have an open mind. Best Penny Stock On Robinhood Right Now
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck might find Profit.ly’s variety of resources useful in their efforts to avoid losses and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being a better trader and want to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Best Penny Stock On Robinhood Right Now
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the My Trade category on the dashboard that lets you record your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is the likelihood that it can be verified. This is evident by the small blue check. If you submit it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthenticated trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market left and right.